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Bekaert, Geert; Harvey, Campbell; Lundblad, Christian; … - National Bureau of Economic Research (NBER) - 2014

We introduce a new, market-based and forward looking measure of political risk derived from the yield spread between a country's U.S. dollar debt and an equivalent U.S. Treasury bond. We explain the variation in these sovereign spreads with four factors: global economic conditions,...

Persistent link: https://www.econbiz.de/10010951038

Participation and Duration of Environmental Agreements

Battaglini, Marco; Harstad, Bård - National Bureau of Economic Research (NBER) - 2012

incomplete. Since real-world IEAs fit in the incomplete contracting environment, our theory may help explaining the rising …

Persistent link: https://www.econbiz.de/10010969245

Damming the Commons: An Empirical Analysis of International Cooperation and Conflict in Dam Location

Sigman, Hilary; Olmstead, Sheila M. - National Bureau of Economic Research (NBER) - 2014

. We estimate econometric models of the location of major dams around the world as a function of the degree of …

Persistent link: https://www.econbiz.de/10010890101

Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals

Whalley, John; Li, Chunding; Wang, Jing - National Bureau of Economic Research (NBER) - 2014

This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general...

Persistent link: https://www.econbiz.de/10010951424

China and the TPP: A Numerical Simulation Assessment of the Effects Involved

Whalley, John; Li, Chunding - National Bureau of Economic Research (NBER) - 2012

free trade effects which will benefit all countries (not just member countries) in the world, and the positive effects of …

Persistent link: https://www.econbiz.de/10011271394

Tipping Climate Negotiations

Heal, Geoffrey; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 2011

Thinking about tipping provides a novel perspective on finding a way forward in climate negotiations and suggests an alternative to the current framework of negotiating a global agreement on reductions in greenhouse gas emissions. Recent work on non-cooperative games shows games with increasing...

Persistent link: https://www.econbiz.de/10009652825

U.S. Trade Policy Since 1934: An Uneven Path Toward Greater Trade Liberalization

Baldwin, Robert E. - National Bureau of Economic Research (NBER) - 2009

This paper presents a comprehensive but relatively brief historical survey of U.S. trade-policy over the last 75 years. It is aimed at individuals who are not already familiar with the concepts and terminology used in discussions of trade policy and the domestic and international institutional...

Persistent link: https://www.econbiz.de/10008627160

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Whalley, John; Dong, Yan - National Bureau of Economic Research (NBER) - 2009

This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical … increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …

Persistent link: https://www.econbiz.de/10008634644

Unilateral Measures and Emissions Mitigation

Whalley, John; Chatterji, Shurojit; Ghosal, Sayantan; … - National Bureau of Economic Research (NBER) - 2009

We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document and discuss the rationale for such unilateral measures argue that such measures have the potential to generate positive spillover effects both within and across countries. In a simple...

Persistent link: https://www.econbiz.de/10008635925

Is It Too Late to Bail Out the Troubled Countries in the Eurozone?

Conesa, Juan Carlos; Kehoe, Timothy J. - National Bureau of Economic Research (NBER) - 2014

In January 1995, U.S. President Bill Clinton organized a bailout for Mexico that imposed penalty interest rates and induced the Mexican government to reduce its debt, ending the debt crisis. Can the Troika (European Commission, European Central Bank, and International Monetary Fund) organize...

Persistent link: https://www.econbiz.de/10010785585

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